I just heard from a reliable source that there will be RIF's next week and there are more schedule ones right after STI.
Topics regarding layoffs at AIG (American Intl Group Inc.)
Dear Employees, You should be extremely proud of what your executives have accomplished over the last three years. We have led this company to very mediocre results despite Draconian style cuts across the company. Unfortunately, the analysts see... — read more
Usually the month of STI bonuses is also prime time for layoffs
Probably wastes $100M per year.....
Layoffs coming for MMS. There is push to fire as many as possible to save money and people are being set up to be performanced out. Be warned and watch out
Only this company would spend time and $$$ to put someone in a so called leadership development program and then Rif them, while in the midst of the program or shortly after. And you wonder why expenses are always high lol
Break it up into 2 companies. One with General Insurance and Blackboard let PZ lead. The other with Investments and L & Rand let KH lead. You can have 2 boards....then see what happens.
What ever happened to the results of the employee survey last year?? My guess is it said poor leadership, so they threw it out
The place i am, which is in ASIA.. mediocre at best. There's no proper dismantling of information on what you expect staff to do in case of symptomatic suspect found in the premises. To me, the best is to work from home, but there's no support... — read more
PZ probably announce someone to execute his vision for AIG 200
this is how stupid this company has become: keep saying we want to be the global insurance leader and grow the business. then take away company cars so we can't market our products effectively, then implement a new GTS which will essentially shut... — read more
Investors were unimpressed with AIG’s outlook for 2020 and a new savings target for its cost-savings program (which is likely more rifs) sending shares down by 3.6% to 50.93.
I know it's not good for morale to have someone around who knows they're getting let go but it'll help the person's career a lot so they can job search while still employed. I have a current offer on the table from big 4 accounting firm... I doubt... — read more
I hear there are more RIF's on the horizon. That's all my source would tell me. Has anyone else heard this? I am wondering if it will be this quarter. I did hear that the will continue throughout the year.
It is a scam for the senior executives to steal from the company for 3 years or so and add no value.
How does a company that only excels only at rifs continues to operate.
HEY ALL Is it true majority of the employees here are waiting to be RIF to get the severance package? Especially those who have worked there more than 10 years?
https://finance.yahoo.com/news/numbers-guy-insurance-dna-finally-151822855.html In the couple of Town Halls I attended - before my RIF-ing in 2019 - PZ instilled zero confidence with me.
They are looking to outsource everything. They do not want to pay for talent and experience. They have lost so much experience it will be hard or almost impossible for them to recover. How is the company suppose to grow when they are not... — read more
The way management knows how to run this company is to keep on hiring consultants and more of their buddies for a senior management position. Their solution is to keep RIFing employees and pile the work up for other employees. Yes and hire more... — read more
Dow is up 230 points today and AIG is down 6 cent. What a sad statement for upper management and the managers that run the regional office. What a sad company. Not was in was.
Our dept was recently restructured , merged with another small dept. Has anyone gone through this and know how long afterwards they did layoffs for the dept after restructuring
How bad do you think it will beeeeeeeee
Is it true?
Post any information about potential or actual AIG Layoffs 2020? Any news or rumors?
More appointments announced today. Wow I can't believe all the new positions and promotions for Senior Management. This means more RIF's. coming. With all the newly created positions and promotions of Senior Management, and hard to follow e-mails... — read more
I have heard that there are more RIF's scheduled to take place in 2020. My source didn't know what LOB are department but that more are planned.
Why does AIG Stock Continue to Tank Leading up to the Announcement of 4th Quarter Earnings on February 11?
Head of Global Business Change Office, and we have to have a lead of Global Program Management to report to him to justify the position. WTF? More RIFs on the way to pay for these cronies.....
Next week is a pay week and I heard some employees saying in the Service Center that there are rumor of RIF's next week? Just wondering if anyone else is hearing this.
Suhas in now head of APAC What happens to NA GI projects?
Will there still be people based downtown??
Do you know there is a plan to grow headcount, how many employees currently work here? How about the HQ at NYC?
The plan is a Robust structure of TPA's. We write the business and have it on paper and it gets sent to a TPA. That equals less Adjusters, which translates to more RIF's. Yes we have Adjusters overlooking the TPA's but not actually handling the... — read more
Does turning this company around mean more business going to TPA's and less going to claims services?